Is there any benefit to buying altcoins with tether over bnb?

[ROGERTHAT777]

Hi guys, this may be an obvious answer, but when I buy altcoins on metamask I go to coinbase btc then buy bnb and at binance.us and send it to trust wallet to convert it to smartchain black bnb and then to the metamask.  I was just told you can buy most coins with tether, which would save a step if I can just buy tether on coinbase... is there any reason NOT to use tether and streamline the process? does any find you can't buy some coins with tether? thank you

[cryptoaddictchie]

Hi guys, this may be an obvious answer, but when I buy altcoins on metamask I go to coinbase btc then buy bnb and at binance.us and send it to trust wallet to convert it to smartchain black bnb and then to the metamask.  I was just told you can buy most coins with tether, which would save a step if I can just buy tether on coinbase... is there any reason NOT to use tether and streamline the process? does any find you can't buy some coins with tether? thank you

Actually even you buy using tether you still need to used gas fee when using metamask. Its probably the best one actually to use but depends also on the tokens you want to buy there since token could be pair with usdt oe anu coins and depend on chain. Usually mainnet like eth and bnb, if you trade via main pair then only one fee but if not you could pay twice even executing one transaction on direct swap.

[Psynthax]

Hi guys, this may be an obvious answer, but when I buy altcoins on metamask I go to coinbase btc then buy bnb and at binance.us and send it to trust wallet to convert it to smartchain black bnb and then to the metamask.  I was just told you can buy most coins with tether, which would save a step if I can just buy tether on coinbase... is there any reason NOT to use tether and streamline the process? does any find you can't buy some coins with tether? thank you

when you are using stable coin and this will keep the value of your capital. that's quite different when you are using bnb or another altcoin which was volatile.the only reason is if it is tether ethereum and you need a lot of monet to pay yhe fees but to be honest im regularly using tether bsc chain and busd rather than bnb to buy altcoins from pancake. my readon is it can keep my valur and it will not be affected especially during the bearish market like this time. i thought that if you must alao understand about that. you may think busd as alternative as all of bnb assets are also accepting busd like bnb. some tokens may not create pair with usdt bep 20

[blockman]

Most of the pairs really have stable coins. Tether is centralized and that will be the biggest reason why some are worried about it. If it's not a big amount, it's totally fine. But if you're the type of investor that buys a lot of it and stores it for so long, you better choose another stable coin such as DAI. For the other centralized stable coins, I'm seeing that USDC is gaining the traction. Since BNB is cheap, there's also some other protocols that makes Tether transaction too cheap like in the TRC20.

[zonefloor]

There is no benefit for you to convert bnb to tether and get altcoins. But when we look at the transaction fee, there are great benefits. When you want to use usdt on Ethereum, you pay a high transaction fee to send it to the exchange or other platforms. But if you use it as busd, you can make your transfers with a small amount of transaction fees. In short, when you use busd, the transaction fee you use between transfers will be cheaper than many usdt prices.

[redwine49]

Hi guys, this may be an obvious answer, but when I buy altcoins on metamask I go to coinbase btc then buy bnb and at binance.us and send it to trust wallet to convert it to smartchain black bnb and then to the metamask.  I was just told you can buy most coins with tether, which would save a step if I can just buy tether on coinbase... is there any reason NOT to use tether and streamline the process? does any find you can't buy some coins with tether? thank you

it's depend on which altcoins you want to buy. if you re using BNB network, I suggest to buy busd because there are a lot liquidity on decentralized exchange(DEX) than using usd tether

when you are using stable coin and this will keep the value of your capital. that's quite different when you are using bnb or another altcoin which was volatile.the only reason is if it is tether ethereum and you need a lot of monet to pay yhe fees but to be honest im regularly using tether bsc chain and busd rather than bnb to buy altcoins from pancake. my readon is it can keep my valur and it will not be affected especially during the bearish market like this time. i thought that if you must alao understand about that. you may think busd as alternative as all of bnb assets are also accepting busd like bnb. some tokens may not create pair with usdt bep 20

That's right. i am just gonna add more.
Most of BNB token will go down if BNB goes down and Most of crypto will go down if BTC goes down.
Which mean you can decide to buy major cryptocurrency in order to buy smaller one (ex. own BNB for BNB token)
or stable coin for altcoin. I believe every decision has risks to be taken

[AmoreJaz]

Hi guys, this may be an obvious answer, but when I buy altcoins on metamask I go to coinbase btc then buy bnb and at binance.us and send it to trust wallet to convert it to smartchain black bnb and then to the metamask.  I was just told you can buy most coins with tether, which would save a step if I can just buy tether on coinbase... is there any reason NOT to use tether and streamline the process? does any find you can't buy some coins with tether? thank you

it's depend on which altcoins you want to buy. if you re using BNB network, I suggest to buy busd because there are a lot liquidity on decentralized exchange(DEX) than using usd tether

when you are using stable coin and this will keep the value of your capital. that's quite different when you are using bnb or another altcoin which was volatile.the only reason is if it is tether ethereum and you need a lot of monet to pay yhe fees but to be honest im regularly using tether bsc chain and busd rather than bnb to buy altcoins from pancake. my readon is it can keep my valur and it will not be affected especially during the bearish market like this time. i thought that if you must alao understand about that. you may think busd as alternative as all of bnb assets are also accepting busd like bnb. some tokens may not create pair with usdt bep 20

That's right. i am just gonna add more.
Most of BNB token will go down if BNB goes down and Most of crypto will go down if BTC goes down.
Which mean you can decide to buy major cryptocurrency in order to buy smaller one (ex. own BNB for BNB token)
or stable coin for altcoin. I believe every decision has risks to be taken

that's the first consideration - which alt or token he wants to buy. because you can't find all tokens in coinbase or pancake. so he needs to check first in both platforms or other trading platforms about its availability, and the liquidity as well as fees. he can always compare the approx fees involved because it all boils down to your convenience and fees. he can always check the trading pair if it is avail in the exchange and check the potential amount of fees like trading fee, withdrawal fee. he should start with one alt, because if he will work on several alts he will be confused and tired of doing those tasks.

[harizen]

Hi guys, this may be an obvious answer, but when I buy altcoins on metamask I go to coinbase btc then buy bnb and at binance.us and send it to trust wallet to convert it to smartchain black bnb and then to the metamask.  I was just told you can buy most coins with tether, which would save a step if I can just buy tether on coinbase... is there any reason NOT to use tether and streamline the process? does any find you can't buy some coins with tether? thank you

Regardless, if you used either USDT or BNB to buy altcoins, the difference is just the trading pair, obviously.

Let's elaborate more, do you mean a much more convenient way or something along those lines, aside from cheap fees? Why not disregard using Coinbase and go directly with Binance.us so need to take another step of transferring BTC to Binance? You also don't need to transfer funds to your trust wallet unless the altcoin you choose to buy is not present on Binance.

[CryptoATM]

You can get extra quantities of coin if you use BnB because from the minute you buy BnB the price can either go up or down, usdt is a fixed asset with almost zero volatility.

[The Cryptovator]

There are many options for tether and many networks as well where you can buy and make transactions. But fully depends on which exchange have you been using and how many chains they support. Regarding buying a coin depends on the trading pair. If trading pairs are available then you can buy or sell easily. Otherwise should look for another exchange. BNB trading pair isn't popular in other exchanges except for Binance. So you can use USDT based on the platform you are using.

[fvb]

Hi guys, this may be an obvious answer, but when I buy altcoins on metamask I go to coinbase btc then buy bnb and at binance.us and send it to trust wallet to convert it to smartchain black bnb and then to the metamask.  I was just told you can buy most coins with tether, which would save a step if I can just buy tether on coinbase... is there any reason NOT to use tether and streamline the process? does any find you can't buy some coins with tether? thank you

In any case, it is better to buy altcoins with USDT. And if you have BNB, then I would rather just hold the coin or use it in different ways to make a profit on the same Binance.

[Ararbermas]

Hi guys, this may be an obvious answer, but when I buy altcoins on metamask I go to coinbase btc then buy bnb and at binance.us and send it to trust wallet to convert it to smartchain black bnb and then to the metamask.  I was just told you can buy most coins with tether, which would save a step if I can just buy tether on coinbase... is there any reason NOT to use tether and streamline the process? does any find you can't buy some coins with tether? thank you

stablecoins is the most safest place to store money mate and using tether you can actually buy token in different platforms as its very common especially in binance wherein fees is very fair wherein just choose which network do you prefer before buying an assets using tether..

[Bttzed03]

Does Coinbase support withdrawal through BSC network? If so, you can do it that way. You would need both BNB and USDT (BEP-20) to buy on BSC AMMs/DEXs though.

Just an FYI that in most platforms, USDT are converted back to BNB or WBNB before it's swapped to any BEP-20 token. As a result, the transaction fees could be higher compared to buying with BNB directly. Good thing the added fee is minimal on BSC.

[perfect999]

Hi guys, this may be an obvious answer, but when I buy altcoins on metamask I go to coinbase btc then buy bnb and at binance.us and send it to trust wallet to convert it to smartchain black bnb and then to the metamask.  I was just told you can buy most coins with tether, which would save a step if I can just buy tether on coinbase... is there any reason NOT to use tether and streamline the process? does any find you can't buy some coins with tether? thank you

Tether is a stable coin. You do not need to worry with the price fluctuations as much as you do with binance coin so no pressure when you buy altcoins. You can wait for the price of altcoin to go down before you buy to get a good deal and I do not think you can buy altcoin on metamask because metamask is only just a wallet and they do not have a built in exchange but they have a partners and they will only redirect you them.

Your method of buying seems to be very complicated and that could tax you lots of fees. You might need to change that habit and you can try tether if you think this can help you cut the hustle and the fees.

[Doell]

most of today's altcoins do use tether to trade ,the pair to usdt is very attractive to traders ! quite useful if the OP simplifies the process by using usdt but it depends on the market and the altcoin you are aiming for and the situation is a little difficult to guess because we have bitcoin usdt bnb ethereum busd (holding them will be very useful in the future) which can be paired to other altcoins

[vv181]

Hi guys, this may be an obvious answer, but when I buy altcoins on metamask I go to coinbase btc then buy bnb and at binance.us and send it to trust wallet to convert it to smartchain black bnb and then to the metamask.

If there is enough liquidity on the token you want to buy, usually just by using USDT is good enough. With that, you can save transactions and swap fees without too much hassle. The way you used is too complicated, you are charged with trading and transaction fee from Coinbase, Binance, and the swap process on Trust Wallet, while you can directly send a BNB or USDT from Binance US.

I was just told you can buy most coins with tether, which would save a step if I can just buy tether on coinbase... is there any reason NOT to use tether and streamline the process? does any find you can't buy some coins with tether? thank you

As far as I know, the AMM will usually find a path even if there isn't any USDT liquidity, so let's say you want to buy token A with USDT. If there is no USDT liquidity, usually the AMM itself will automatically find a path to get you successfully bought token A (USDT > Token X > Token A).

[Jackl87]

Hi guys, this may be an obvious answer, but when I buy altcoins on metamask I go to coinbase btc then buy bnb and at binance.us and send it to trust wallet to convert it to smartchain black bnb and then to the metamask.  I was just told you can buy most coins with tether, which would save a step if I can just buy tether on coinbase... is there any reason NOT to use tether and streamline the process? does any find you can't buy some coins with tether? thank you

I don't see any reason why you should not use a stable coin to buy the coin that you want to. Every trade that you are doing and every withdrawal that you are making from one exchange to another or to your wallet will cost you a fee, so you should always look to make a trade with as little actions as possible. I don't know if your question was especially regarding the safety of USDT as a stable coin or about stablecoins in general but i can tell you that there are some rumors about Tether since a few years now. The reason for that is, that we can not be sure anymore if the the company behind tether has still enough reserves to back every USDT minted with a real USD.

[X-ray]

is there any reason NOT to use tether and streamline the process?

that's quite complicated and people didn't like that. It's only available on a few exchange sites.
I do believe people have the same opinion like me too. It's pretty strange to use USDT coz this is not so popular like BUSD on BSC. If you have a better choice and why do you need to use tether on BSC?

does any find you can't buy some coins with tether? thank you

The only problem is BSC projects more familiar with BUSD rather than USDT. It's not a lot exchange sites are also accepting it. This is also the reason why people that actively using BSC prefer BUSD over USDT. BUSD makes me feel more easier coz all of BSC tokens are making it available in BNB and BUSD pair. Why do you need to use USDT if you have BUSD as the parent stable coin in binance smartchain.

[redwine49]

that's the first consideration - which alt or token he wants to buy. because you can't find all tokens in coinbase or pancake. so he needs to check first in both platforms or other trading platforms about its availability, and the liquidity as well as fees. he can always compare the approx fees involved because it all boils down to your convenience and fees. he can always check the trading pair if it is avail in the exchange and check the potential amount of fees like trading fee, withdrawal fee. he should start with one alt, because if he will work on several alts he will be confused and tired of doing those tasks.

Actually it's depend on him whenever he buy altcoin on centralized exchange or decentralized exchange like pancakeswap or uniswap.
But from the topic he asked "buying altcoin on metamask" which mean he is using smartcontract coin like ethereum.
So he is not interested in buying altcoins on CEX like coinbase,binance, etc

Using USDT is more stable than BNB, and it's easier to do calculus with a tether. If you buy with BNB and the price goes up then you will get less altcoins, using USDT is more stable at least in one fair.

But usually USDT or BUSD have lower liquidity if we trade on decentralized exchange.

[jc12345]

There are a few factors to consider. The assumption is made that the alt coin you want and/or the Tether/BNB is not on the CEX if you are starting there as otherwise it is a no-brainer to choose whichever one and just withdraw the alt-coin.

Considerations:

• Start chain and end chain
• Starting from CEX or offline wallet
• Whether you already have a token or not in an offline wallet
• Transaction fees of the source chain
• Supported versions of the token/coin in question

If you want to get an alt coin you need to plot the best path to get it that is the cheapest. Some cross-chain platforms like Rubic will calculate this for you. You need to understand which token you need and which one is the best to start from. If you start from a CEX don't touch anything ETH related unless you are rich as CEX will charge extremely high tx fees in order to make sure the tx goes through within a reasonable time. If you start from CEX it is better to start with BNB as withdrawal fee is very small. If you start from an offline wallet where you have Tether on ETH there is no point in first converting it to BNB and you can get a much better gas fee if you route it through a multi-chain platform eg Rubic. You pay gas fees in the base token of the starting chain so you will need to have extra ETH in that wallet for gas so it is starts to get rediculous. If you already have BNB offline it is a no-brainer to start from there and convert it via the same cross-chain platform. Make sure that the tokens you want are supported eg BEP2 vs BEP20 if it is Binance related or ERC-20 if ETH related or Polygon version etc. Sometimes a token can be on multiple platforms and this can influence your decision where to start. If the BNB you want to start with is BEP2 you first need to convert it to BEP20 version of BNB through Binance Smart Chain Wallet or just withdraw that version of BNB out of Binance. My overall opinion though is to stay away from Tether on ETH.